A crypto analyst is predicting big things for a memecoin called Brett (BRETT). Built on the Ethereum scaling solution Base, Brett could soar to $0.63, a whopping 357% increase from its current price, if it breaks through the $0.15 resistance zone.
Brett’s Bullish Signal
The analyst, Ali Martinez, sees a “bull flag” forming on Brett’s daily chart. This pattern suggests a potential upward trend, similar to a flag waving in the wind.
Solana’s W-Shape
Martinez also believes Solana (SOL) is poised for a rebound. He sees a “W-shaped pattern” on the 12-hour chart, which typically indicates a possible end to a downtrend and a shift towards an uptrend. A 9% increase from its current price is possible, according to Martinez.
Solana’s Liquidation Potential
A surge in Solana’s price could trigger a massive liquidation of bearish bets, potentially worth billions of dollars. Martinez estimates that $2.98 billion in short positions could be liquidated if Solana reaches $176.
Bitcoin’s Next Move
Martinez believes Bitcoin (BTC) needs to revisit a price level seen a month ago to break above its all-time high of $73,800. He says Bitcoin must hold above $62,500 to maintain its bullish momentum and reach new highs.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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